Press Release – Bayleys
The Auckland city-fringe offices housing a lighting distributor whose products illuminate some of the world’s most famous landmarks have been put up for sale.
The modern, refurbished single-storey building for sale at 5 Farnham Street, Parnell, is fully leased to Targetti Lighting and award-winning New Zealand home-builder Penny Homes. The two leases generate total net rental income of $127,516 plus outgoings and GST per annum.
Some 189 square metres of office space and three car parks are leased to Targetti (NZ) Limited, part of a global group which has designed and produced architectural light fixtures since 1928. The company supplies major retailers and its lighting solutions adorn commercial and public sites across New Zealand.